7-20-2012 Freebird: Doc just had a post that everyone should pay some heed. He is absolutely correct. A high rate would not be good for us at all and by that I mean 3+ initially. In actuality, on par with the USD is an incredibly high rate (as an initial RV) and will be history. Iraq has faced many challenges just to position themselves to reach that point. The IQD on par with the USD would be 1,000 times or a 100,000% increase, which of course has never even come close to occurring before in the whole history of currency manipulation or with any large fiat currency appreciation that derives its value from government regulation or law. Pray for a rate on par with the USD.
This is what the SIGR report, the CBI and Finance Committee all have referenced. Over time it could rise and I believe Iraq one day will have the highest currency in the M.E. but as far as an initial rate, anything much higher than that, it's more likely the larger notes will not retain their value. The numbers just don't work. The good news is, it will be on par (or just less than) the USD initially, it will be a REVALUATION and it will happen sometime before January. Hang in there, keep the faith and stay grounded.